Common use of Assignment by Provider Clause in Contracts

Assignment by Provider. The developer may assign its obligations or rights to payments due in order to secure financing from a lender. • Otherwise, the developer may not assign its duties under the PPA without the Town’s written consent and proof that the party to which the developers’ duties will be assigned is financially secure and has the necessary experience to operate a solar array.

Appears in 2 contracts

Sources: Power Purchase Agreement (Ppa), Power Purchase Agreement (Ppa)